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ehidna [41]
3 years ago
8

Lowe’s learned that 25 percent of the time its customers buy a garden hose, they also purchase a sprinkler. Patterns and relatio

nships like this are discovered through a technique called
Business
2 answers:
podryga [215]3 years ago
3 0

Answer: Data mining

Explanation: Patterns and relationships as indicated are discovered through a technique known as data mining, which is defined as the use of a variety of statistical analysis tools in marketing research to uncover previously unknown patterns in data or relationships among variables. It is also given as a technique for searching large scale databases for patterns; used mainly to find previously unknown correlations between variables that may be commercially useful.

dybincka [34]3 years ago
3 0

Answer:

Data mining

Explanation:

Data mining deals with companies converting raw data into useful information. This is achieved by using softwares to look for consistent patterns in large volumes of data.

It is useful in business as they learn more about their customers and develop more effective marketing strategies which in turn increases sales and decreases costs.

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Consider Figure 9.2 on page 205 of our textbook. Suppose P0 is $10 and P1 is $11. Suppose a new firm with the same LRAC curve as
Oduvanchick [21]

Answer:

The 10,000 units of output that will be supplied by the two firms to the market.

Profit that each firm would earn will be higher than previous.

Explanation:

The firm selling 4,000 units at the price of $10 per unit. If the output is increased to 6,000 units the price will increase to $11 per unit. If the new 6,000 units are produced along with the previous 4,000 units then the total output supplied by the two firms will be 10,000 units (6,000 + 4,000). The supply of goods in the market will increase so price will fall and the revenue for the firms will decline but they can benefit with sales volume and their profit can increase.

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3 years ago
You want a new cell phone. Which of these sources would be the most dependable?
ahrayia [7]
I would say that b is the best answer
3 0
2 years ago
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Rector Corporation is examining its quality control program. Which of the following statements​ is/are correct? I. Rework costs
Andre45 [30]

Answer:

II. Prevention costs are costs that are incurred to prevent the sale and production of defective units.

8 0
3 years ago
The money spent on domestically produced final goods and services: Group of answer choices is equal to exports minus imports. is
Ad libitum [116K]

Answer:

Explanation:

The money spent on domestically produced final goods and services: is equal to GDP.

<u>Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year. </u>

GDP is used as a measure of the size of an economy and can also be used to compare the economic performance in other countries.

3 0
3 years ago
There are three consecutive steps in a customer service process. The first two steps are each capable of serving 25 customers pe
MakcuM [25]

Answer:

If the first two steps are run at full​ capacity, then the third step has a waiting line.

Explanation:

Waiting line is defined as a line of people or vehicles waiting for something. Hence, if the first two step runs in a full capacity been able to serve 25 customers per hour. Meaning for each hour 50 customers will be attended to by the two, then the third will surely be on a waiting line.

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3 years ago
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